Accenture (NYSE:ACN) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Accenture plc (NYSE:ACN). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Accenture stock on March 31st. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Accenture Price Performance

ACN opened at $289.93 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $181.59 billion, a PE ratio of 24.32, a P/E/G ratio of 3.23 and a beta of 1.32. Accenture plc has a 1 year low of $275.01 and a 1 year high of $398.35. The stock has a 50-day moving average price of $334.44 and a 200-day moving average price of $351.59.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.81 by $0.01. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $2.77 EPS. Sell-side analysts predict that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be paid a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.04%. Accenture’s payout ratio is currently 48.89%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ACN. Jefferies Financial Group dropped their target price on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets boosted their price objective on Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday, March 26th. Royal Bank of Canada cut their target price on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $378.23.

Insider Activity at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 1,487 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,284 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer now directly owns 9,965 shares of the company’s stock, valued at $2,806,442.95. The trade was a 18.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,921 shares of company stock worth $9,876,619. 0.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Accenture

Several hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Accenture in the 4th quarter valued at about $2,351,683,000. GAMMA Investing LLC boosted its position in Accenture by 30,256.8% in the first quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock valued at $1,067,651,000 after buying an additional 3,410,248 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Accenture by 22.8% in the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock worth $4,283,225,000 after acquiring an additional 2,260,740 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Accenture during the 4th quarter valued at about $666,495,000. Finally, Capital Research Global Investors boosted its position in Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock worth $4,325,526,000 after purchasing an additional 1,770,024 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.